Asked by Lucky Mbasela on Jul 29, 2024
Verified
Fiery Demon is a rotgut whisky made in Kentucky.Smoothy is an unblended malt whisky imported from Scotland.Ed regards these brands as perfect substitutes.When he goes into a bar, he sometimes buys only Fiery Demon.Other times he buys only Smoothy.This shows that Ed has unstable preferences.
Perfect Substitutes
Products or services that can be used in exactly the same way by the consumer and that are perceived as identical in satisfying an individual's needs or desires.
- Recognize the differences between preference types, like perfect substitutes and perfect complements, along with other categories.
Verified Answer
ZR
Zulema ReynosoJul 30, 2024
Final Answer :
False
Explanation :
Ed's preference for Fiery Demon or Smoothy is dependent on his mood or situation. This does not necessarily mean that he has unstable preferences. It could simply mean that he has a preference for variety or a willingness to try different things.
Learning Objectives
- Recognize the differences between preference types, like perfect substitutes and perfect complements, along with other categories.